Shell Deepens Spending Cuts, Promises More Savings From BG

Updated on
  • Company trims expected 2016 capex by $1 billion to $29 billion
  • Free cash flow, return on capital to rise at $60-a-barrel oil

Shell Cuts Spending Plans Further

Royal Dutch Shell Plc cut spending plans further and promised increased savings following its record purchase of BG Group Plc, as Europe’s largest oil company continues to adjust to the slump in energy prices.

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